Kerry Back
BUSI 721, Fall 2022
JGSB, Rice University
R = 30*12 # 30 years until retirement
T = 60*12 # 60 total years
g = 0.002 # deposit is 0.2% larger each month
B0 = 100000 # initial balance is $100,000
D1 = 1000 # initial savings is $1,000 (per month)
W = 10000 # withdraw $10,000 per month in retirement
mn = 0.005 # mean monthly return
sd = 0.04 # std dev of monthly return
nsims = 1000 # number of simulatedmean 1.688432e+06
std 1.173601e+07
min -2.593716e+07
10% -5.569095e+06
25% -3.566966e+06
50% -1.293359e+06
75% 2.881742e+06
90% 1.235784e+07
max 2.022982e+08
dtype: float64